The world’s best sailors compete in the Vendée Globe, the punishing sailing race best known as the “Everest of the Seas”. Yet their remarkable individual achievements are made possible by outstanding teamwork, as exemplified by the Gitana Team.

Driven by this same passion for excellence, within Edmond de Rothschild the best specialists work to protect and grow our clients' wealth. Ever alert, they seek out the most innovative solutions to surmount tomorrow's challenges.

Like sailing the high seas, managing wealth is subject to uncertain and changing climates. This year has seen major upheavals, including the Brexit referendum, the US elections, the inclusion of the yuan in the IMF's currency basket, and more widespread negative interest rates. But such events need not unsettle us. New opportunities lie in every change and, throughout our history, we have always considered developments as part of a bigger picture. This is what allows us to ensure that we can control the risks and make the right decisions.

For us the course is clear. We continue to be absolutely committed to managing your wealth as our own – with strong convictions, solid expertise, a long-term vision and a keen awareness of responsibilities.

We thank you for your confidence, which as ever is the source of greatest pride to us.

On behalf of the Edmond de Rothschild Group, we wish you and your loved ones a very happy 2017.